Dollar General (NYSE: DG) grants 6,710 RSUs to CIO Carman Wenkoff
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Wenkoff Carman R reported acquisition or exercise transactions in this Form 4 filing.
Dollar General awarded Executive Vice President and Chief Information Officer Carman R. Wenkoff 6,710 restricted stock units tied to its common stock. The grant was received at no cash cost as equity compensation and increases his direct holdings to 83,917 common shares.
The restricted stock units represent the right to receive shares upon vesting. They vest in three equal annual installments of 33 1/3% beginning on April 1, 2027, and are subject to standard forfeiture and accelerated vesting provisions, which can affect how many shares are ultimately delivered.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Wenkoff Carman R
Role
EVP & Chief Information Ofc
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,710 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 83,917 shares (Direct)
Footnotes (1)
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Key Figures
Restricted stock units granted: 6,710 units
Vesting start date: April 1, 2027
Shares held after grant: 83,917 shares
+1 more
4 metrics
Restricted stock units granted
6,710 units
Equity award to Carman R. Wenkoff
Vesting start date
April 1, 2027
First of three annual 33 1/3% installments
Shares held after grant
83,917 shares
Direct holdings following the reported award
Grant price per share
$0.00 per share
Equity compensation, no cash paid for units
Key Terms
restricted stock units, vesting, forfeiture, accelerated vesting provisions
4 terms
restricted stock units financial
"Restricted stock units representing the right to receive shares of common stock upon vesting."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
vesting financial
"The restricted stock units vest in three annual installments of 33 1/3% beginning April 1, 2027"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
forfeiture financial
"subject to certain forfeiture and accelerated vesting provisions."
accelerated vesting provisions financial
"subject to certain forfeiture and accelerated vesting provisions."
FAQ
What did Dollar General (DG) executive Carman Wenkoff receive in this Form 4 filing?
Carman Wenkoff received 6,710 restricted stock units in Dollar General common stock as equity compensation. These units were granted at no cash cost and increase his direct ownership stake in the company’s shares as reported in the filing.
How do the 6,710 restricted stock units for Dollar General (DG) vest?
The 6,710 restricted stock units vest in three equal annual installments of 33 1/3% starting April 1, 2027. Each year, one-third becomes deliverable as shares, subject to the grant’s forfeiture and accelerated vesting provisions described in the filing.
Are the Dollar General (DG) restricted stock units granted to Carman Wenkoff immediately payable in shares?
No, the restricted stock units are not immediately payable in shares. They represent the right to receive Dollar General common stock upon vesting, which occurs in three annual installments starting April 1, 2027, provided forfeiture conditions do not apply.
What conditions apply to Carman Wenkoff’s Dollar General (DG) restricted stock units?
The restricted stock units are subject to forfeiture and accelerated vesting provisions. This means units can be lost or vest earlier based on specific conditions, such as employment or plan terms, which influence how many shares are ultimately delivered.